REGISTERED NUMBER: 03387976 (England and Wales)

WEST COUNTRY BUSINESS SYSTEMS

(HOLDINGS) LIMITED

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

J N Harrison

C G Clarke

N Butcher

REGISTERED OFFICE:

Unit 1 Landmark House

Wirrall Park Road

Glastonbury

Somerset

BA6 9FR

REGISTERED NUMBER:

03387976 (England and Wales)

AUDITORS:

MHA Audit Services LLP

Statutory Auditor

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

The directors present their strategic report for the year ended 31 August 2025.

REVIEW OF BUSINESS

As part of our longer-term strategy, this year we continued to invest heavily in the development of our next generation cloud native solutions. Our research and development activity accelerated with product launches and enhancements continuing as planned.

The uncertainty as to the impact on the Business of the wider economic backdrop has been considered as part of the business' adoption of the going concern basis. The impact has been limited as the company's revenue is derived from providing services to the education sector who have and will continue to trade throughout the economic cycles. The business has transitioned to a hybrid working model, providing greater flexibility without compromising on service capability.

The resilience of the business is underpinned by a large proportion of the company revenue being generated by recurring software maintenance revenue as opposed to a requirement to make incremental sales.

PRINCIPAL RISKS AND UNCERTAINTIES

Global economy

In common with most companies across all sectors, the ripple effect of the uncertainties in the UK and Global markets represents a challenge. However, market share and customer retention remain strong.

Technology

Continuing to offer relevant and reliable solutions to the sector we operate in, remains a key strategic consideration. Processes are in place to ensure we continue to offer our sector leading edge solutions through developing our own next generation solutions as well as developing key partnerships and considering appropriate technical acquisitions.

FUTURE DEVELOPMENTS

The group continues to develop its product offering to support the education sector and looks forward to the future with confidence.

During the year the group implemented a cost reduction programme which on a full year basis will reduce the cost base by more than £1.5m.

FINANCIAL KEY PERFORMANCE INDICATORS

The directors use many performance indicators, both financial and non-financial, to monitor the group's position. These include, but are not limited to revenue, margin, cash flow, measured monthly against budgets and forecasts.

In addition, many of our teams employ agile - methodologies which allows us to clearly monitor performance and progress toward agreed business objectives.

KPI's

2025

2024

Invoiced sales (£'000)

4,980

4,063

Recognised Margin %

71%

72%

Deferred income (£'000)

2,283

2,421

ON BEHALF OF THE BOARD:

N Butcher - Director

15 December 2025

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 August 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

J N Harrison

C G Clarke

Other changes in directors holding office are as follows:

S Bilboe - resigned 29 October 2024

N Butcher - appointed 29 October 2024

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments and financial risk management.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.

MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

N Butcher - Director

15 December 2025

Opinion

We have audited the financial statements of West Country Business Systems (Holdings) Limited (the 'company') for the year ended 31 August 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

-

Enquiry of entity staff to identify any instances of non-compliance with laws and regulations;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

-

Reviewing minutes of meetings of those charged with governance

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/Standards-and-guidance/Standards-and-guidance-for-auditors/A uditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Laura Farrow MSc BSc FCA (Senior Statutory Auditor)

for and on behalf of MHA Audit Services LLP

Statutory Auditor

CARDIFF

CF23 8RS

17 December 2025

MHA is the trading name of MHA Audit Services LLP, a limited liability

partnership in England and Wales (registered number OC455542)

TURNOVER

3

3,442,817

3,506,845

Cost of sales

(998,779

)

(987,730

)

GROSS PROFIT

2,444,038

2,519,115

Administrative expenses

(3,455,592

)

(4,288,304

)

(1,011,554

)

(1,769,189

)

Other operating income

4

370,361

347,295

OPERATING LOSS

6

(641,193

)

(1,421,894

)

Interest payable and similar expenses

7

(4,863

)

(3,655

)

LOSS BEFORE TAXATION

(646,056

)

(1,425,549

)

Tax on loss

8

109,051

-

LOSS FOR THE FINANCIAL YEAR

(537,005

)

(1,425,549

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(537,005

)

(1,425,549

)

FIXED ASSETS

Intangible assets

9

261,373

522,625

Tangible assets

10

49,888

51,708

Investments

11

-

-

311,261

574,333

CURRENT ASSETS

Debtors

12

3,783,735

4,682,124

Cash at bank and in hand

147

118

3,783,882

4,682,242

CREDITORS

Amounts falling due within one year

13

(3,367,146

)

(3,905,519

)

NET CURRENT ASSETS

416,736

776,723

TOTAL ASSETS LESS CURRENT LIABILITIES

727,997

1,351,056

CREDITORS

Amounts falling due after more than one year

14

(2,390,030

)

(2,476,084

)

NET LIABILITIES

(1,662,033

)

(1,125,028

)

CAPITAL AND RESERVES

Called up share capital

18

133,500

133,500

Share premium

19

40,750

40,750

Capital redemption reserve

19

45,750

45,750

Retained earnings

19

(1,882,033

)

(1,345,028

)

SHAREHOLDERS' FUNDS

(1,662,033

)

(1,125,028

)

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

N Butcher - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 September 2023

133,500

80,521

40,750

45,750

300,521

Changes in equity

Total comprehensive income

-

(1,425,549

)

-

-

(1,425,549

)

Balance at 31 August 2024

133,500

(1,345,028

)

40,750

45,750

(1,125,028

)

Changes in equity

Total comprehensive income

-

(537,005

)

-

-

(537,005

)

Balance at 31 August 2025

133,500

(1,882,033

)

40,750

45,750

(1,662,033

)

1.	STATUTORY INFORMATION

West Country Business Systems (Holdings) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

West Country Business Systems (Holdings) Limited is part of a group treasury function, headed up by its ultimate parent Westleigh Investments Holdings Limited. Due to not having its own funding facility, West Country Business Systems (Holdings) Limited is reliant on the support of the parent and its shareholders to continue as a going concern.

As at 31 August 2025, the Balance Sheet is showing net liabilities of £1,662,033 (2024: £1,125,028). After making enquiries and reviewing forecasts to 31 December 2026, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

In addition, although not legally obliged, the directors have confirmed that they will continue to financially support the company throughout the going concern period to meet liabilities as they fall due. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about West Country Business Systems (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, WCBS Group Limited, Unit D, De Clare House, Sir Alfred Owen Way, Pontygwindy Industrial Estate, Caerphilly, Wales, CF83 3HU.

Critical accounting judgements and key sources of estimation uncertainty

Many of the amounts included in the financial statements involve the use of judgement and/or estimation. These judgements and estimates are based on management's best knowledge of the relevant facts and circumstances, having regards to prior experience, but actual results may differ from the amounts included in the financial statements. Information about such judgements and estimation is contained in the accounting policies and/or the notes to the financial statements.

The areas where the directors consider there to be significant areas of judgements or estimation are:

Going concern

The directors exercise judgement when preparing and reviewing forecasts, and considering whether the company is a going concern.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Software sales are recognised in the period in which the software is installed. Hardware sales are recognised in the period in which the hardware is delivered.

Software maintenance income is invoiced periodically in advance. It is held as deferred income in the balance sheet and released to turnover on a straight line basis over the period to which it relates.

Training income is invoiced in advance and released to turnover on delivery of service.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life of 8 years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures & Fittings

- 20% reducing balance

Office Equipment

- 20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment, and includes deferred consideration.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.

TURNOVER

The turnover and loss before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

3,426,883

3,501,945

Rest of the world

15,934

4,900

3,442,817

3,506,845

4.	OTHER OPERATING INCOME

2025

2024

£

£

Management charges receivable

370,361

347,295

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,127,565

2,528,843

Social security costs

252,413

264,152

Other pension costs

72,926

90,213

2,452,904

2,883,208

The average number of employees during the year was as follows:

2025

2024

Management

5

8

Administration

3

1

Development and products

17

20

Sales and marketing

4

6

Service and support

15

23

44

58

2025

2024

£

£

Directors' remuneration

91,746

100,800

Directors' pension contributions to money purchase schemes

3,397

4,000

During the year retirement benefits were accruing to 1 director (2024: 1) in respect of defined contribution pension schemes.

6.	OPERATING LOSS

The operating loss is stated after charging/(crediting):

2025

2024

£

£

Other operating leases

30,000

30,082

Depreciation - owned assets

11,421

12,928

Goodwill amortisation

261,252

261,252

Auditors' remuneration

22,500

21,150

Foreign exchange differences

-

(100

)

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

HMRC late payment interest

4,863

3,655

8.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

(109,051

)

-

Tax on loss

(109,051

)

-

Reconciliation of total tax credit included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Loss before tax

(646,056

)

(1,425,549

)

Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(161,514

)

(356,387

)

Effects of:

Expenses not deductible for tax purposes

-

346

Fixed asset differences

-

68,319

respect of previous periods -

for changes in tax rates

R&D tax credit refund

Adjustment in R&D tax credit leading to a decrease in the tax charge

(109,051

)

-

corporation tax rate

Tax losses arising

161,514

287,722

Total tax credit

(109,051

)

-

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

2,090,000

AMORTISATION

At 1 September 2024

1,567,375

Amortisation for year

261,252

At 31 August 2025

1,828,627

NET BOOK VALUE

At 31 August 2025

261,373

At 31 August 2024

522,625

10.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

Fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

83,701

271,769

355,470

Additions

-

9,601

9,601

At 31 August 2025

83,701

281,370

365,071

DEPRECIATION

At 1 September 2024

69,972

233,790

303,762

Charge for year

2,746

8,675

11,421

At 31 August 2025

72,718

242,465

315,183

NET BOOK VALUE

At 31 August 2025

10,983

38,905

49,888

At 31 August 2024

13,729

37,979

51,708

11.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

616,309

PROVISIONS

At 1 September 2024

and 31 August 2025

616,309

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Abattia Group Limited

Registered office: Landmark House, Wirrall Park Road, Glastonbury, Somerset, BA6 9FR

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

West Country Business Systems Limited

Registered office: Landmark House, Wirrall Park Road, Glastonbury, Somerset, BA6 9FR

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00